| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 5.72B | −1.5% |
| Gross Profit | — | — |
| EBITDA | -CNY 5.93B | — |
| Net Income | CNY 54.5M | −96.6% |
| Diluted EPS | CNY 0.31 | −96.6% |
| Free Cash Flow | CNY 677.9M | −52.1% |
| DPS (FY2025) | $1.56derived |
| Trailing yield | 138.37% |
| Payout ratio | 500.9% |
| Growth streak | 1 yr |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $1.56 | +123.3% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.70 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2025-09-30 | $0.2200 |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | — | — | 47.15% | −47.00% | −71.63% | −103.88% | 13% | 19% | |
| EBITDA Margin | — | — | 47.92% | −46.85% | −71.48% | −103.65% | 13% | 9% | |
| NOPAT Margin | — | — | 37.68% | −36.96% | −60.89% | −82.06% | 13% | 10% | |
| Net Margin | −17.48% | 23.07% | 34.79% | 42.49% | 27.25% | 0.95% | 25% | 18% | |
| FCF Margin | 6.77% | 3.32% | 53.82% | 44.26% | 24.37% | 11.85% | 42% | 30% | |
| FCFF Margin | — | — | 56.36% | 44.88% | 24.37% | — | — | — | |
| OCF Margin | 7.12% | 3.53% | 53.85% | 44.35% | 24.53% | 12.30% | 42% | 30% | |
| Capex Intensity | 0.35% | 0.21% | 0.03% | 0.09% | 0.16% | 0.45% | 92% | 18% | |
| ▸Returns on Capital · 2 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
The five drivers multiply to 20.8% vs reported ROE 22.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 3.96B | CNY 4.48B | CNY 3.43B | CNY 4.90B | CNY 5.81B | CNY 5.72B |
| YoY % | +13.0% | -23.3% | +42.5% | +18.6% | -1.5% | |
| R&D Expense | — | CNY 208.0M | CNY 151.9M | CNY 148.8M | CNY 411.9M | CNY 406.6M |
| YoY % | -27.0% | -2.1% | +176.9% | -1.3% | ||
| Selling & Marketing Expense | CNY 1.91B | CNY 1.55B | CNY 574.0M | CNY 656.6M | CNY 1.20B | CNY 1.16B |
| YoY % | -18.5% | -63.0% | +14.4% | +82.2% | -3.1% | |
| SG&A Expense | CNY 630.6M | CNY 298.2M | CNY 271.8M | CNY 231.1M | CNY 274.7M | CNY 322.1M |
| YoY % | -52.7% | -8.9% | -15.0% | +18.8% | +17.3% | |
| Total Operating Expenses | CNY 4.67B | CNY 3.19B | CNY 1.96B | CNY 2.30B | CNY 4.16B | — |
| YoY % | -31.6% | -38.5% | +17.2% | +80.8% | ||
| Operating Income | — | — | CNY 1.62B | -CNY 2.30B | -CNY 4.16B | -CNY 5.94B |
| Interest Expense | — | CNY 109.8M | CNY 109.2M | CNY 39.0M | CNY 0 | — |
| YoY % | -0.5% | -64.3% | -100.0% | |||
| Other Non-Operating Income | -CNY 67.5M | -CNY 84.2M | CNY 23.5M | CNY 50.6M | CNY 214.9M | CNY 183.7M |
| YoY % | +115.1% | +324.8% | -14.5% | |||
| Equity Method Income | — | — | CNY 0 | CNY 0 | -CNY 440,000 | -CNY 4.6M |
| Impairment of Real Estate | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 | — |
| Pretax Income | — | — | CNY 1.50B | CNY 2.65B | CNY 1.86B | -CNY 38.0M |
| YoY % | +76.9% | -29.6% | ||||
| Income Tax | -CNY 80.6M | CNY 170.2M | CNY 300.5M | CNY 565.2M | CNY 279.2M | -CNY 97.1M |
| YoY % | +76.6% | +88.1% | -50.6% | |||
| Net Income | -CNY 692.7M | CNY 1.03B | CNY 1.19B | CNY 2.08B | CNY 1.58B | CNY 54.5M |
| YoY % | +15.7% | +74.1% | -23.9% | -96.6% | ||
| EPS (Basic) | -CNY 3.84 | CNY 6.11 | CNY 6.84 | CNY 11.77 | CNY 9.13 | CNY 0.31 |
| YoY % | +11.9% | +72.1% | -22.4% | -96.6% | ||
| EPS (Diluted) | -CNY 3.84 | CNY 6.06 | CNY 6.81 | CNY 11.64 | CNY 9.06 | CNY 0.31 |
| YoY % | +12.5% | +70.9% | -22.2% | -96.6% | ||
| Weighted Avg Shares (Basic) | 180.3M | 169.0M | 174.7M | 176.7M | 173.3M | 173.6M |
| YoY % | -6.3% | +3.4% | +1.2% | -2.0% | +0.2% | |
| Weighted Avg Shares (Diluted) | 180.3M | 170.6M | 175.4M | 178.7M | 174.7M | 174.7M |
| YoY % | -5.4% | +2.8% | +1.9% | -2.2% | -0.0% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| 2025-10-15 |
| sa |
| licensed |
| 2025-04-30 | $0.2200 | 2025-05-15 | sa | licensed |
| 2024-09-30 | $0.2000 | — | semi-annual | licensed |
| 2018-04-27 | $0.2800 | — | semi-annual | licensed |
| 2017-09-28 | $1.48 | — | semi-annual | licensed |
